Retirement Planning Co of New England Inc. Raises Holdings in International Business Machines Co. (NYSE:IBM)

Retirement Planning Co of New England Inc. raised its stake in International Business Machines Co. (NYSE:IBM) by 4.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,744 shares of the technology company’s stock after purchasing an additional 150 shares during the period. Retirement Planning Co of New England Inc.’s holdings in International Business Machines were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also made changes to their positions in IBM. FPC Investment Advisory Inc. purchased a new position in International Business Machines in the first quarter worth approximately $26,000. ESL Trust Services LLC acquired a new stake in shares of International Business Machines in the 1st quarter valued at $28,000. Creekmur Asset Management LLC purchased a new stake in shares of International Business Machines during the 4th quarter worth $29,000. Ables Iannone Moore & Associates Inc. acquired a new position in shares of International Business Machines during the fourth quarter worth $31,000. Finally, Financial Synergies Wealth Advisors Inc. grew its stake in shares of International Business Machines by 164.0% during the first quarter. Financial Synergies Wealth Advisors Inc. now owns 198 shares of the technology company’s stock worth $38,000 after purchasing an additional 123 shares in the last quarter. Hedge funds and other institutional investors own 58.96% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on IBM. Jefferies Financial Group lifted their price target on International Business Machines from $190.00 to $200.00 and gave the stock a “hold” rating in a report on Thursday, July 25th. Evercore ISI upped their price target on International Business Machines from $215.00 to $240.00 and gave the company an “outperform” rating in a report on Wednesday. StockNews.com raised shares of International Business Machines from a “hold” rating to a “buy” rating in a report on Wednesday, June 19th. UBS Group boosted their price objective on shares of International Business Machines from $130.00 to $145.00 and gave the stock a “sell” rating in a research report on Wednesday, September 4th. Finally, Hsbc Global Res raised shares of International Business Machines to a “moderate sell” rating in a research report on Friday, July 26th. Three analysts have rated the stock with a sell rating, six have given a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $188.60.

International Business Machines Stock Performance

NYSE IBM opened at $214.79 on Friday. The business’s 50-day moving average price is $192.83 and its 200 day moving average price is $183.39. The company has a quick ratio of 1.08, a current ratio of 1.12 and a debt-to-equity ratio of 2.20. The firm has a market cap of $197.85 billion, a P/E ratio of 24.33, a P/E/G ratio of 4.67 and a beta of 0.70. International Business Machines Co. has a 52-week low of $135.87 and a 52-week high of $216.09.

International Business Machines (NYSE:IBM) last released its earnings results on Wednesday, July 24th. The technology company reported $2.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.27. International Business Machines had a return on equity of 40.59% and a net margin of 13.52%. The business had revenue of $15.77 billion for the quarter, compared to analyst estimates of $15.62 billion. During the same quarter in the previous year, the company posted $2.18 earnings per share. The company’s revenue for the quarter was up 1.9% compared to the same quarter last year. On average, equities research analysts expect that International Business Machines Co. will post 10.1 earnings per share for the current year.

International Business Machines Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Friday, August 9th were paid a $1.67 dividend. This represents a $6.68 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend was Friday, August 9th. International Business Machines’s dividend payout ratio (DPR) is presently 75.65%.

International Business Machines Company Profile

International Business Machines Corporation, together with its subsidiaries, provides integrated solutions and services worldwide. The company operates through Software, Consulting, Infrastructure, and Financing segments. The Software segment offers a hybrid cloud and AI platforms that allows clients to realize their digital and AI transformations across the applications, data, and environments in which they operate.